EU freezes $13.8bn Russian assets

BRUSSELS, 14 July 2022, (TON): EU Justice Commissioner Didier Reynders said “the European Union has frozen Russian assets worth $13.8 billion since the country invaded Ukraine on February 24.”

Reynders told reporters in Prague “for the moment, we have frozen coming from oligarchs and other entities 13.8 billion euros, so it’s quite huge.”

He said “but I must say that a very large part of it, more than 12 billion is coming from five member states.”

He refused to name the five countries but added that he expected the other members of the 27-member bloc to step up efforts soon.

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